More stable governments should improve banking systems\u2019 financial stability by increasing the predictability of future public decisions. Our study explores the relationship between political stability, as captured by the voting share of governing parties, and banking system stability. Using a sample of 84 countries over the 2004\u20132017 period, our dynamic panel approach shows that voting power is significantly related to banking default risk only in presidential systems. An increase in the voting share of governing parties probably favors the enforcement of the president\u2019s political agenda, thereby reducing the degree of political uncertainty. This seems to strengthen banking stability. Are banks vulnerable to unstable governments?<\/p>\n","protected":false},"excerpt":{"rendered":"
Des gouvernements plus stables devraient contribuer \u00e0 la pr\u00e9servation (am\u00e9lioration) de la stabilit\u00e9 financi\u00e8re des syst\u00e8mes bancaires en rendant les d\u00e9cisions publiques futures plus pr\u00e9visibles. \u00c0 cet \u00e9gard, notre \u00e9tude explore la relation entre la stabilit\u00e9 politique mesur\u00e9e par la part de vote des partis gouvernementaux et la stabilit\u00e9 du syst\u00e8me bancaire. En utilisant un \u00e9chantillon de 84 pays au cours de la p\u00e9riode 2004-2017, l\u2019approche de panel dynamique confirme que ce pouvoir de vote n\u2019est li\u00e9 de mani\u00e8re significative au risque de d\u00e9faut bancaire que dans les syst\u00e8mes pr\u00e9sidentiels. Une augmentation de la part de vote des partis gouvernementaux favorise probablement l\u2019application de l\u2019agenda politique du pr\u00e9sident en r\u00e9duisant le degr\u00e9 d\u2019incertitude politique.<\/p>\n","protected":false},"featured_media":35813,"template":"","format":[11969,11970],"meta":{"_acf_changed":false},"categories":[3032],"tags":[4717,2692,7480,3478,7481,7482,7483,7484],"class_list":["post-59419","video-acf","type-video-acf","status-publish","has-post-thumbnail","hentry","category-finance-dentreprise-et-finance-de-marche","tag-bank","tag-banque","tag-democracy-en","tag-gouvernement","tag-government-en","tag-politics-en","tag-president-en","tag-stability-en","format-recherche","format-research"],"acf":[],"_links":{"self":[{"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/video-acf\/59419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/video-acf"}],"about":[{"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/types\/video-acf"}],"version-history":[{"count":0,"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/video-acf\/59419\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/media\/35813"}],"wp:attachment":[{"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/media?parent=59419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/categories?post=59419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/tags?post=59419"},{"taxonomy":"format","embeddable":true,"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/format?post=59419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}